Deere & Company (NYSE:DE) Upgraded by Evercore to Outperform Rating

Deere & Company (NYSE:DE) was upgraded by analysts at Evercore from an “in-line” rating to an “outperform” rating in a note issued to investors on Wednesday, Briefing.com reports. The brokerage presently has a $813.00 price objective on the industrial products company’s stock. Evercore’s price target indicates a potential upside of 16.68% from the stock’s current price.

Other analysts have also issued reports about the stock. Raymond James Financial raised their price objective on shares of Deere & Company from $700.00 to $730.00 and gave the company an “outperform” rating in a research note on Monday. Citigroup increased their price target on shares of Deere & Company from $610.00 to $650.00 and gave the company a “neutral” rating in a report on Friday, August 21st. UBS Group reduced their price target on shares of Deere & Company from $732.00 to $728.00 and set a “buy” rating for the company in a research report on Friday, August 21st. Seaport Research Partners set a $570.00 price objective on shares of Deere & Company in a report on Friday, August 14th. Finally, Oppenheimer upped their price objective on Deere & Company from $680.00 to $685.00 and gave the company an “outperform” rating in a research report on Thursday, August 20th. Sixteen research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, Deere & Company has an average rating of “Moderate Buy” and a consensus price target of $680.73.

Deere & Company Trading Up 3.1%

Shares of Deere & Company stock traded up $20.72 during midday trading on Wednesday, reaching $696.80. 1,459,025 shares of the company’s stock traded hands, compared to its average volume of 1,378,818. The stock has a 50 day moving average of $614.39 and a 200-day moving average of $594.27. Deere & Company has a 12 month low of $433.00 and a 12 month high of $700.64. The company has a market cap of $187.87 billion, a PE ratio of 38.71, a price-to-earnings-growth ratio of 2.70 and a beta of 0.90. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.89 and a current ratio of 2.10.

Deere & Company (NYSE:DE) last announced its earnings results on Thursday, August 20th. The industrial products company reported $5.10 earnings per share for the quarter, beating analysts’ consensus estimates of $4.69 by $0.41. Deere & Company had a net margin of 10.16% and a return on equity of 18.10%. The firm had revenue of $12.61 billion for the quarter, compared to analyst estimates of $10.81 billion. During the same quarter in the previous year, the firm posted $4.75 EPS. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. As a group, equities analysts expect that Deere & Company will post 18.11 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in Deere & Company in the second quarter worth about $27,000. Kilter Group LLC bought a new position in shares of Deere & Company during the 2nd quarter valued at approximately $29,000. Timmons Wealth Management LLC bought a new position in shares of Deere & Company during the 4th quarter valued at approximately $29,000. McIlrath & Eck LLC purchased a new stake in Deere & Company in the 4th quarter worth approximately $30,000. Finally, Solstein Capital LLC purchased a new stake in Deere & Company in the 2nd quarter worth approximately $30,000. Institutional investors own 68.58% of the company’s stock.

More Deere & Company News

Here are the key news stories impacting Deere & Company this week:

• Positive Sentiment: Baird upgraded Deere to Outperform from Neutral and raised its price target to $800 from $640. The firm expects North American agricultural fundamentals to improve in 2027, potentially lifting corn prices, farmer income and demand for Deere equipment. Deere Upgrade Puts Valuation Back In Focus
• Positive Sentiment: Investors are increasingly treating Deere as a leading agricultural-recovery play. Recent market coverage highlights the stock’s move to a new high, while Deere’s previous quarterly results showed earnings and revenue above expectations, reinforcing confidence in its operating execution. Market Extremes Flash Warning Signs
• Positive Sentiment: Unusually heavy call-option activity and continued analyst optimism indicate strong speculative and institutional interest in further upside. Baird’s $800 target suggests additional potential appreciation if the farm-equipment cycle improves as expected. Baird Just Upgraded Deere Stock
• Positive Sentiment: Deere launched its JD AI assistant within the Operations Center, giving farmers a tool to obtain operational guidance and data-driven insights. The initiative supports Deere’s precision-agriculture strategy and could strengthen customer relationships over time. Deere Launches AI Assistant
• Neutral Sentiment: Farmers can now file claims under a Deere settlement. The payouts may resolve a legal overhang, but the claims process and possible costs create a continuing uncertainty for investors. Farmers Can Now File Claim in Deere Settlement
• Negative Sentiment: After its sharp rally, Deere’s valuation is back in focus. Value-oriented comparisons with Kubota suggest investors must weigh the agricultural recovery outlook against Deere’s premium valuation and the risk that the expected 2027 improvement is already reflected in the stock. KUBTY vs. DE: Which Stock Should Value Investors Buy Now?

About Deere & Company

Deere & Company, commonly known by its brand John Deere, is a global manufacturer of agricultural, construction and forestry machinery, as well as turf care equipment and power systems. Founded in 1837 by blacksmith John Deere—who developed a polished steel plow to improve tillage in tough prairie soils—the company is headquartered in Moline, Illinois, and has grown into one of the largest and most recognizable names in equipment manufacturing worldwide.

The company’s principal businesses include a broad portfolio of agricultural equipment such as tractors, combines, planters, sprayers, harvesters and tillage implements, complemented by precision agriculture technologies and telematics that support farm management, yield optimization and equipment connectivity.